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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-01-04T20:11:00
The Federal Trade Commission (FTC) was clear in its recent enforcement action against Rite Aid regarding its expectations for companies using facial recognition technology or any biometric security or surveillance systems.
The FTC filed a complaint against Rite Aid on Dec. 19, alleging the retail pharmacy chain used untested, inaccurate facial recognition technology to secretly surveil shoppers from 2012-20.
The misused technology resulted in thousands of people being misidentified as shoplifters, with a higher percentage of women, Blacks, Latinos, and Asians wrongly accused. Rite Aid staff sometimes harassed and publicly humiliated innocent shoppers and forced them to leave stores, including those who had wanted to fill necessary prescriptions, the FTC said.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-01-04T14:30:00Z By Manorama Kulkarni, CW guest columnist
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
2023-12-20T14:33:00Z By Kyle Brasseur
Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission.
2023-05-19T17:02:00Z By Adrianne Appel
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission, the agency warned in a policy statement.
2024-11-22T14:39:00Z By Aaron Nicodemus
Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
2024-11-21T20:19:00Z By Oscar Gonzalez
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
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